Goods & Service Tax (GST) 12 October 2026
Government Extends Fuel Subsidy, GST Exemption
The government has announced an extension of its fuel subsidy programme alongside a Goods and Services Tax exemption for certain goods, aiming to ease cost pressures on businesses and consumers. Officials say the measures will support economic stability and lower transportation expenses amid rising prices. The extension is expected to run through the next fiscal quarter, with details on eligibility to be released by the finance ministry next week.
The government announced:
- Continuation of the fuel subsidy to keep pump prices low.
- GST exemption for selected goods to reduce overall costs.
Officials say the steps will help businesses manage rising expenses and support consumers. Full details can be found here.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.